In a report released yesterday, Susan Anderson from Canaccord Genuity maintained a Buy rating on Nature’s Sunshine Products, with a price target of $22.00.
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Susan Anderson’s rating is based on Nature’s Sunshine Products’ impressive third-quarter performance, which exceeded expectations. The company reported a 12% increase in sales, significantly surpassing both internal and market forecasts. This growth is attributed to the successful implementation of management’s strategies, including a focus on digital marketing, field energy investments, and brand innovation.
Additionally, the company’s gross margins improved due to cost-saving measures and favorable market conditions. The strong results were further supported by robust performance in the Asia region, with notable sales growth in Japan, China, and Korea. With a new CEO at the helm, Susan Anderson believes that the company is well-positioned for continued growth, leading to her Buy rating recommendation.
In another report released on October 21, D.A. Davidson also reiterated a Buy rating on the stock with a $21.00 price target.
NATR’s price has also changed moderately for the past six months – from $12.410 to $13.730, which is a 10.64% increase.